What does Apollo Green Energy Limited do?

Apollo Green Energy Limited is a Mumbai-registered renewable energy development company, part of the Apollo International Group led by Mr. Raaja Kanwar. The company is engaged in green energy development including solar, wind, or other clean energy projects with operating revenues exceeding INR 500 Cr.

Who is the promoter of Apollo Green Energy Limited?

The company is promoted by Mr. Raaja Kanwar, the Managing Director of Apollo International Group, a Delhi-based industrial conglomerate with interests in renewable energy, defence, lifestyle, and infrastructure.

Is Apollo Green Energy Limited listed on any stock exchange?

No. Apollo Green Energy Limited is currently an unlisted company. Shares may trade on grey market / unlisted share platforms at approximately ₹60 per share.

What is the revenue scale of Apollo Green Energy Limited?

Apollo Green Energy Limited's operating revenues are reported to be over INR 500 Crore, making it one of the larger unlisted renewable energy companies in India.

What is the lot size for Apollo Green Energy Limited shares?

The lot size is 1 share, enabling flexible investment in any quantity through unlisted share intermediaries.

Is Apollo Green Energy planning an IPO?

No official IPO announcement has been made. However, the company's scale and the Apollo International Group's standing could make a future listing plausible as the renewable energy sector matures.

What is the current unlisted share price of Apollo Green Energy?

The unlisted share price is approximately ₹60 per share, as tracked on unlisted share market platforms.

How do I buy Apollo Green Energy unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Apollo Green Energy?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Apollo Green Energy shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Apollo Green Energy Unlisted Share Price | Buy Apollo Green Energy Pre-IPO Shares — wisefolio

Investment Thesis

Apollo Green Energy Limited is a substantial unlisted renewable energy company backed by the Apollo International Group with revenues over INR 500 Cr. Promoted by Mr. Raaja Kanwar, the company benefits from India's aggressive renewable energy push and the group's industrial pedigree. While limited public disclosures exist, its scale and sector positioning make it an interesting pre-IPO play for investors with high risk tolerance.

Pros

Operating revenues exceeding INR 500 Cr, indicating substantial scale for an unlisted renewable energy company
Part of Apollo International Group led by Mr. Raaja Kanwar, a well-established industrial conglomerate with diversified businesses
Operates in India's high-growth renewable energy sector, backed by strong government policy support and green energy targets
Incorporated in 2010, giving the company 15+ years of experience in the energy transition space
Apollo International Group has credibility in capital-intensive businesses including infrastructure and energy

Cons

Unlisted status limits public financial transparency despite significant revenues
ISIN not publicly confirmed, restricting formal share market participation
Renewable energy sector requires massive capital expenditure for project development and is exposed to regulatory and policy risks
Interest rate sensitivity — energy project financing becomes costly in high-rate environments
Competitive sector with large listed players like Adani Green, Greenko, and ReNew Power

Business Segments

Renewable Energy Development

Development, construction, and operation of renewable energy projects including solar and wind energy plants across India

Green Energy Trading / Services

Energy trading, power purchase agreement execution, and related energy services supporting the company's project portfolio

Revenue Model

Apollo Green Energy Limited generates revenues primarily from sale of power generated through its renewable energy projects (solar, wind, or hybrid) under long-term Power Purchase Agreements (PPAs) with state utilities, industrial consumers, and open access customers. With revenues exceeding INR 500 Cr, the company operates at significant scale within the Indian green energy market.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds12

Growth Plans

India's 500 GW renewable energy target by 2030 driving project pipeline growth

Green hydrogen and energy storage opportunities expanding the addressable market

Potential future IPO or strategic investment to fund expansion

Corporate green energy procurement and open access market growth

Industry Tailwinds

Recent Developments

India's renewable energy sector continues strong growth

India's installed renewable capacity crossed 200 GW, creating significant tailwinds for energy developers like Apollo Green Energy as the country targets 500 GW by 2030.

2024-01

Comparable Companies

CompanyTypeTickerMkt Cap

Adani Green EnergyListedADANIGREEN~1,50,000 Cr

NTPC Green EnergyListedNTPCGREEN~85,000 Cr

Torrent PowerPE: ~30xxListedTORNTPOWER~65,000 Cr

Adani Green EnergyListed

ADANIGREEN · ~1,50,000 Cr

Group Structure (2 entities)

EntityExtentReason

Apollo Green Energy LimitedFullBusiness synergies between the companies and commonality in business segment. Furthermore, AGEL has 99.8% shareholding in AIF.

Apollo International FZCFullBusiness synergies between the companies and commonality in business segment. Furthermore, AGEL has 99.8% shareholding in AIF.

Apollo Green Energy LimitedFull

Business synergies between the companies and commonality in business segment. Furthermore, AGEL has 99.8% shareholding in AIF.

Apollo International FZCFull

Business synergies between the companies and commonality in business segment. Furthermore, AGEL has 99.8% shareholding in AIF.

Frequently Asked Questions

About Apollo Green Energy

Apollo Green Energy Limited is a Mumbai, Maharashtra-based renewable energy company incorporated in 2010. The company is engaged in the development, construction, and operation of green energy assets including solar and wind power projects across India. As a green energy developer, Apollo Green Energy participates in India's ambitious clean energy transition — the country has committed to achieving 500 GW of non-fossil fuel energy capacity by 2030 under its Nationally Determined Contributions (NDC) to the Paris Agreement. India's renewable energy sector has attracted over $100 billion in investment over the past decade, with solar energy growing from near-zero to over 80 GW of installed capacity and wind power at 45+ GW. This growth trajectory makes India the world's 3rd largest renewable energy market and presents significant opportunities for green energy developers of all sizes. Mumbai as a headquarters provides Apollo Green Energy with access to India's largest financial capital — crucial for financing large-scale renewable energy projects that require significant upfront capital expenditure. The company benefits from India's competitive tariff discovery for renewable energy, with solar tariffs having fallen to Rs 2.5-3 per unit — competitive with coal power for the first time. Apollo Green Energy is distinct from the Apollo Group's healthcare operations and represents an independent green energy entity. With 14+ years in India's renewable sector, the company has developed expertise in project development, land acquisition, grid connectivity, and power purchase agreement negotiations across Indian states.

Key Milestones

Incorporated in 2010 in Maharashtra as a public limited company under the Apollo International Group umbrella

Common questions about unlisted shares

How do I buy Apollo Green Energy unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Apollo Green Energy Limited

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